Remitly (RELY) director Nigel Morris sells 8,938 shares in open-market trade
Rhea-AI Filing Summary
Remitly Global, Inc. director Nigel W. Morris reported an open-market sale of 8,938 shares of common stock on 2026-08-07. The weighted average sale price was $25.43 per share, with individual trades executed between $25.00 and $25.99. Following this transaction, Morris directly holds 1,882,056 shares of Remitly common stock.
Positive
- None.
Negative
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Insider Trade Summary
Net Seller: 8,938 shares
Net Sell
1 txn
Insider
MORRIS NIGEL W
Role
Director
Sold
8,938 shs ($227K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 8,938 | $25.43 | $227K |
Holdings After Transaction:
Common Stock — 1,882,056 shares (Direct)
Footnotes (1)
- F1. Weighted average price. These shares were sold in multiple transactions at prices ranging from $25.00 to $25.99 inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
Key Figures
Shares sold: 8,938 shares
Weighted average sale price: $25.43 per share
Sale price range: $25.00 to $25.99
+1 more
4 metrics
Shares sold
8,938 shares
Open-market sale of common stock on 2026-08-07
Weighted average sale price
$25.43 per share
Weighted average price across multiple sale transactions
Sale price range
$25.00 to $25.99
Range of individual trade prices for the reported sale
Shares owned after transaction
1,882,056 shares
Directly held Remitly common stock following the sale
Key Terms
Weighted average price, open market, Rule 10b5-1
3 terms
Weighted average price financial
"Weighted average price. These shares were sold in multiple transactions"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
open market financial
"Sale in open market or private transaction"
An open market is a system where buying and selling of goods, services, or financial assets happen freely without restrictions or special controls. For investors, it means they can trade assets easily and quickly, which helps determine fair prices based on supply and demand. This environment encourages transparency and competition, making it easier to buy or sell with confidence.
Rule 10b5-1 regulatory
"the staff of the Securities and Exchange Commission, upon request"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
FAQ
What insider transaction did Remitly (RELY) director Nigel W. Morris report?
Nigel W. Morris reported a sale of 8,938 shares of Remitly common stock on 2026-08-07. The transaction was an open-market sale coded “S” and reported as a direct ownership change.
Was the Remitly (RELY) insider sale under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is unchecked, and no footnote states a plan, so the sale is not identified as pursuant to a Rule 10b5-1 or similar pre-arranged trading plan in this disclosure.
What does the weighted average price disclosure mean in the Remitly (RELY) Form 4?
The filing states a weighted average price of $25.43 for the 8,938 shares, sold in multiple trades between $25.00 and $25.99. The reporter undertakes to provide full per-trade details to interested parties upon request.
AI-generated analysis. How Rhea-AI works. Not financial advice.